YES Bank hits 8-week low; stock falls 14% in 8 days

Shares of YES Bank dipped 7% to Rs 338 on the BSE in early morning trade, its lowest level since July 4, 2018.

Shares of YES Bank hit an 8-week low of Rs 338 per share, down 7% in early morning trade on the BSE on the back of heavy volumes.

YES Bank on Thursday after market hours said it has received the Reserve Bank of India’s (RBI's) approval for the continuance of Rana Kapoor as managing director and CEO of the bank till further notice from the central bank.

“We wish to inform you that the Bank has received the RBI' s approval that Shri Rana Kapoor may continue as Managing Director & CEO of YES Bank till further notice